Real Estate Rants Part 6: Warhol Estate Hits the Market

The former Warhol Estate Cottages photo courtesy Douglas Elliman

Andy Warhol turned Montauk into a place where celebrities could get away from all of the hype and glamor. Andy and co-owner Paul Morrissey’s oceanfront retreat entertained some of the biggest names at the time; The Rolling Stones, Jackie O, Liz Taylor, and John Lennon.

The summer of ’75 brought the Stones to Montauk for a bit of R&R (although they did a bit of partying according to local reports). Jimmy Hewitt, the previous owner of the Montauk icon, Shagwong, reported that Mick and Bianca would frequent Shagwong a few times a week. Mick sat at the end of the bar drinking a bottle of Gran Marnier and Bianca would run into the kitchen to pick out dinner. The Stones were staying at the estate while rehearsing what would become their Black and Blue album, where their song Memory Motel paid homage to one of Montauk’s most well known bars.

Photo courtesy Douglas Elliman

Aside from being Montauk’s most iconic piece of real estate, it also is one the of most beautiful. So, what do you get for $85 million you might be asking? Almost 30 acres of the most desirable oceanfront real estate on the East End with 6 cottages and a historic equestrian farm. The property has 9 bedrooms and 11.5 baths for all of your entertaining needs. The ocean front cottages were built by famed architect Standford White and the 2 horse barns were built by Carl Fisher, which further adds to the desirability of the property (if that’s even possible).

Photo courtesy Douglas Elliman

The current owner, J. Crew CEO Mickey Drexler, has restored the oceanfront estate over the past few years and spent millions of dollars turning the cottages into an unbelievable state. The cottages have been meticulously restored to a historic state, preserving the iconic property and its original glory. 80 years later, the camp still evokes its fishing camp feel.

Photo courtesy Douglas Elliman

$85 million isn’t too much to ask when you’re guaranteed to forget all of your troubles living at the end of the world?

To view this iconic listing and possibly get your hands on it visit Douglas Elliman